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Fletcher King PLC (FLK)

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Tuesday 28 April, 2020

Fletcher King PLC

Option Surrender

RNS Number : 1975L
Fletcher King PLC
28 April 2020


Fletcher King plc


Option Surrender



Fletcher King plc (the "Company") announces that, further to the announcements of 1 March 2019 and 19 October 2016, the holders of all 1,240,000 options issued under the Company's Enterprise Management Incentive ("EMI") plan have today surrendered the options. 


The Company has no short term intention to issue any EMI options to replace the surrendered options. In either the medium term or at such point as the markets in which the Company operates recover from the current COVID-19 situation, the Company expects to construct a suitable incentivisation structure to attract and motivate employees and directors of the Company to drive its business forward in the future.


This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.





Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400


Cairn Financial Advisers LLP

James Caithie / Tony Rawlinson

Tel: 020 7213 0880


Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated


a)  Richard Goode

b)  Robert Dickman

c)  Paul Andrews

d)  Peter Bailey

e)  David Fletcher

Reason for notification


a)  Director

b)  Director

c)  Director

d)  Director

e)  Director

Initial notification/ Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


Fletcher King plc





Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification Code

Options over ordinary shares of 10p each



Nature of the transaction

Option surrender under EMI plan

Price(s) and volume(s)



a) 48.5p

a) 46p

b) 48.5p

b) 46p

c) 48.5p

c) 46p

d) 48.5p

d) 46p

e) 48.5p

a) 100,000

a) 100,000

b) 100,000

b) 150,000

c) 100,000

c) 150,000

d) 100,000

d) 100,000

e) 100,000


Aggregated information

 - Aggregated Volume

 - Price



46p / 48.5p

Date of the transaction

28 April 2020

Place of the transaction

Outside a trading venue




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